Plastipak Holdings, Inc., a Plymouth, Michigan-based global supplier of plastic packaging solutions (including recycling) to large consumer product companies, has received an equity investment from affiliates of GS Capital Partners.
The amount of the transaction was not disclosed.
The company intends to use the proceeds to further capitalize on substantial growth opportunities across its global business platform.
Founded in 1967 by the Young family, whose members will continue to hold a majority stake, Plastipak is a global manufacturer of plastic packaging containers and preforms. It designs, manufactures, and distributes plastic containers in four product categories:
- carbonated and non-carbonated beverages;
- consumer cleaning;
- food and processed juices; and
- industrial, automotive and specialty products.
The company, which has operations in the U.S., Europe, and Brazil, sold approximately 21 billion preforms and bottles to more than 450 customers from 29 manufacturing facilities in 2011.